Tags : Month

Bitcoin

Paraguay to unveil Bitcoin legislations next month

Paraguay is set to unveil a crypto bill on the back of Bitcoin’s success story in El Salvador, a government official said this week. The South American country reels from a declining economy and ill-fated effects of dollar printing in the US. But officials are turning to Bitcoin to offset some of those side-effects, becoming […]Read More

Bitcoin

Bitcoin miners made over $1.4 billion last month, despite plunge

Despite the market crash, Bitcoin (BTC) miners appear only marginally affected with reduced revenues in May, according to data from analytics tool Coin Metrics. May was daunting for Bitcoin, witnessing a correction of over 50% from it’s all-time high above $63.000 in April. The price correction consequently affected the mining revenue plunge, softened by the […]Read More

Bitcoin

Bitcoin Expects to Reach $65,000 Next Month, Fractal Analyst Claims

Bitcoin’s run-up to its all-time high above $50,000 this week has prompted a data analysis firm to predict further upside valuations for the cryptocurrency. TradingShot, an independent trading management firm, wrote in its latest note to followers that it sees the BTC/USD exchange rate at $65,000 by next month. And, if the trend persists, the […]Read More